Zeev's Turnips Patch-No Politics (ZEEV)

[was hotlinktuna]

Added Chinese JADA .73/.74 on bullish comments in TheStreet Top 50 Stocks To Own this morning:

"We'll leave you with a somewhat speculative but extremely rewarding company. This is a $48 million company with a current P/E of 4.2. Jade Art Group (JADA.OB) is up more than 50% just as we have written this article. Jade Art's mine can produce up to 40,000 tons of jade a year. With jade at $3,200 a ton, that makes $128 million in revenue for a full year of capacity. With profit margins hovering around 60%, we conservatively estimate net income of $60 million at full capacity. This would put the company at a P/E of less than 1!
Jade Art is a growing company. Just for it to return to a reasonable P/E of 10 would make the stock a 20 bagger."

tuna